Create Customized Corporate Cards through One, Easy Interface
Bento cards offer the functionality of a regular corporate card, but with better power and more sustainable spending solutions. We have two great card options, to provide you complete control and flexibility to create and use these cards in a manner that suits your business needs to the tee.
Spend Limit Cards
Spend Limit Bento cards are perfect for everyday use and are ideal as the primary card type for your day to day business needs and spending.
These cards are ideal for expenses that require users to submit receipts. These powerful corporate debit cards come packed with a suite of customized card controls to ensure that you are in charge of where and how your company funds are spent. It takes only a few minutes to create these cards and you’re good to go.
All Spend Limit corporate cards can be created and managed from the Cards dashboard on our web app or mobile app. To ensure ease of use, you can use your Spend Limit cards in a plastic format for in-person and online purchases and expenses where Visa® debit cards are accepted.
You can also use the virtual spend limit cards for online and over the phone purchases and expenses where Visa® debit cards are accepted. The plastic and virtual cards both offer the same range of card controls.
Here are a couple of ways you can use your Bento Spend Limit corporate debit cards as applicable to your specific business needs:
Primary Corporate Cards
Spend Limit cards are ideal for regular business expenses, hence these are appropriate as your primary corporate business debit cards. These can be issued to employees for day-to-day expenses. These cards pull funds from your Bento account.
No matter the industry your business is in, these cards are ideal for allowing authorized personnel to make purchases. These are especially helpful for construction companies that have multiple employees and vendors who purchase building materials.
Travel and Entertainment (T&E)
Spend Limit cards are a great option to manage all travel spending in one place. These cards can be issued to employees who travel for business. The card can also be temporarily turned off when the employee is not traveling.
Depending on the industry your business caters to and your business needs, you can use Spend Limit cards to manage one-off payments to third parties without sharing your primary card details or banking information.
Spend Limit cards work as great subscription cards to better track spend and prevent unwanted automatic renewals. This allows your to keep a track of all your subscriptions in one place and determine if it needs to be renewed or not.
Fixed Value Cards
Fixed Value Bento cards are useful for one-off payment requests or specific purposes, such as paying vendors and per diems. These cards are ideal for those expenses that do not require users to submit receipts.
Just like your Spend Limit cards, these powerful corporate cards come packed with a suite of customized card controls to ensure that you are in charge of where and how your company funds are spent.
All Fixed Value corporate cards can be created and managed from our web app or mobile app Cards dashboard within a couple of minutes. To ensure ease of use, you can use your Spend Limit cards in a plastic format for in-person and online purchases and expenses where Visa® debit cards are accepted.
You can also use the virtual spend limit cards for online and over-the-phone purchases and expenses where Visa® debit cards are accepted. The plastic and virtual cards both offer the same range of card controls.
Both card options, Spend Limit cards and Fixed Value cards, are aesthetically visible on the Cards dashboard on the Bento platform. You can create both card types from one screen in a couple of clicks. It is fast and easy.
While you can use these cards as applicable to your specific business needs, here are some suitable use cases for your Bento Fixed Value corporate debit cards:
Per Diem Cards
You can use our Fixed Value cards as a per diem card for members of your business who go on business trips or to provide employee perks like free meals. Issuing Fixed Value cards for such use cases minimizes the time spent on reimbursements and tracking receipts.
Vendor Management Cards
Fixed Value cards serve as an ideal card on file option for regular vendors or as a one-time card option for one-time vendors. Issuing Fixed Value corporate debit cards to vendors, contractors, helps protect you from unnecessarily putting your banking information or primary card details out there.
Robust Card Controls for Your Corporate Visa® Business Debit Cards
We offer a range of card controls that help streamline your spending and business expense management to the tee. These card control options help monitor and control your user/employee spending within your allocated budget. Leveraging your corporate card controls also helps reduce the fraud risk associated with issuing cards and prevents the card from being used at locations and for purposes that are outside your business’ scope or spending habits.
Making the most of the card controls allows you to better use all the analytic tools that Bento offers to track and break down expenses. You can do an analysis on each user card or vendor card or you can analyze the expenses on a company level category-wise. Define how your company will use Spend Limit corporate debit cards and Fixed Value corporate debit cards so that they are not used interchangeably. Each card type has been designed with specific use cases in mind and these card controls help enforce those use cases.
Category Controls allow you to decide where your employees can use their cards. Categories are groups of existing Merchant Category Codes (MCC) used to classify businesses and stores by specific market segments. MCC’s are 4-digit codes assigned to all businesses and stores by credit card companies.
Spending Limit Controls
Bento allows you to control how much a card user can spend on either a Daily, Weekly, or Monthly basis. You can also set a custom date or time range as suitable per employee or cardholder.
Active On Controls
Based on the type of business you run or the industry you cater to, you can choose to enable or disable your cards on particular days of the week. This prevents card users from using the card on unauthorized days (e.g.: weekends, etc.). This is also a great feature for employees that only work on certain days of the week or for independent contractors.
Restrict International Transactions
Bento Visa® business debit cards can be used all over the world. When you create a corporate card for users, the card is restricted from processing international transactions by default. Disable this feature if you want to allow international transactions on the card.
Restrict Card Not Present Transactions
Bento Visa® business debit cards can be used for those transactions that do not require a card to be present. For example, online purchases and expenses. Enable this feature for transactions that don’t require a card to be inserted or swiped into a physical card reader.
The Power of Business Debit Cards
Bento’s Spend Limit and Fixed Value business debit cards are a great and safer option as compared to corporate credit cards. Corporate credit cards can bring significant liability for business officers and reimbursing employees post expense creates unpredictable cash flow issues and is also a risk to fraudulent spending.
Bento combines the cash flow and budgeting benefits of a debit card with the controls of a highly structured corporate card solution. Bento keeps you on budget and prevents unauthorized expenses while significantly reducing time and effort for you and your finance team. Keep the power of your business in your hands with our Bento Business debit card.
Define how your company will use Spend Limit corporate debit cards and Fixed Value corporate debit cards so that they are not used interchangeably. Each card type has been designed with specific use cases in mind. The use of each card type should be communicated across the company so that each cardholder is clear as to how to use each card type.
Spend Limit cards are ideal as your primary corporate debit cards as they pull funds from your Bento account. Fixed Value cards are ideal for one-off spends as they are prepaid debit cards.
Bento also allows you to elect employees within your organization and assign them the role of either an Admin or a Department Lead and assign them access permissions (full access or restricted access) based on their roles and responsibilities. This allows you as a Business Owner or primary Bento Account Holder to delegate these tasks to trusted individuals. This is especially helpful for larger organizations where it is not feasible to manage and monitor all the business expenses on your own.
Your Bento corporate debit cards can also be used to run any purchase or payment as a creditor a debit transaction. Typically, most hotels and car rental locations will automatically run the card as a credit transaction. If you run into issues using the card as a debit card, please ask the merchant to run the card as a credit transaction or to place a larger deposit or pending hold on the card.
Better Cost Management with Virtual Cards
Bento for Business Visa virtual cards can be created for one-time phone purchases, to track activity with different vendors, or to gain visibility and control into app subscriptions and other budget line items.
Bento’s virtual Visa debit cards are generated and stored online in your account. They are ready to use as soon as they are created. As with all Bento cards, you can set spending limits and see all of your transaction data in real-time.
Stay in Control on the Go
Touch, tap and go!
Using a virtual debit card is easy, but using it on a mobile wallet is even easier. To make your on-the-go contactless payments seamless, you can now add your Bento Spend Limit and Fixed Value virtual cards to your Apple Pay and Google Pay wallets.
To add your Bento cards to your mobile wallets, make sure that all cards are activated, turned on, have the Card Not Present restriction turned off, and have an email address/phone number associated with the card.
Using your Bento cards via mobile wallet brings with it a high degree of convenience and security. Mobile wallets are more than just a payment tool, the benefits and possibilities of using them are endless.
All card and personal information hosted on the Apple Pay and Google Pay wallet systems are encrypted so no one can access them and you also do not run the risk of ever losing or misplacing a card.
To add another layer of security, mobile wallet apps allow you to set up two-factor authentication not only to log in to the app but to process each transaction. These benefits combined make it a no-brainer when it comes to considering using mobile wallets.
Fast, Contactless Payments
Time is a valuable asset and that is the very essence of making payments via digital wallets.
Holding your phone towards a Near Field Communication (NFC) device to make payments is faster as compared to taking out a card, swiping it, or inserting it into a card machine and waiting for the payment to process.
In addition to being a quicker payment method, digital wallet payments are completely contactless.
You may not have your wallet on you at all times, but your smartphone is much like your second skin.
Physical and virtual businesses alike have adapted their systems to accept mobile wallet technology, which means adding your Bento cards to your mobile wallet allows you to use your virtual cards at physical locations too.
It also ensures that you have access to your company funds anytime, anywhere
Quick Access to Unlimited Card Options
Bento offers multiple virtual card options which can be difficult to keep a track of. Be it your Utility cards, User cards, One-time virtual cards, Fuel cards, Fixed Value cards, or even Per Diem cards, you can house them all on your mobile wallet, making it easy to use them at multiple locations.
Apple Pay and Google Pay wallets are compatible with most other card programs too, giving you the option to add all your cards to your mobile wallet.
Improved User Experience
All of the above benefits and features of using mobile wallets will improve the way you and members of your business use and experience your Bento cards.